MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
The P18.9-billion deficit — from revenues of P472.3 billion and expenditures of P491.2 billion — markedly declined from June’s P241.6-billion deficit and July 2024’s P28.8-billion shortfall.
Budget shortfall narrows in July
Year to date, the budget balance remained in deficit at P784.4 billion, higher than the P642.8 billion seen in the same period last year.
July revenues were up 3.26 percent from last year's P457.4billion. Taxes accounted for almost all of the month’s revenues at P423.0 billion., This news data comes from:http://akn.705-888.com
Budget shortfall narrows in July
To date, revenues and expenditures were 4.82 percent and 8.22 percent higher than P2.61 trillion and P3.25 trillion, respectively, recorded from January to July last year.
- Discaya companies' licenses revoked for bid-rigging
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
- Heavy rain causes flooding, landslides and 8 deaths in Vietnam and Thailand
- Israel flattens high-rise as it tells Gaza City residents to flee
- Pump prices increase for 2nd straight week
- India's Modi meets Japan's Ishiba as he begins Asia tour
- Marcos willing to submit to a lifestyle check
- Konektadong Pinoy Bill has lapsed into law — Palace
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- Laws signed on holidays, court branches
